San Mateo Market Sees Robust Growth in 2024, Increased Listings, Higher Prices, & Faster Sales

San Mateo market has become more active and competitive, with significant growth in both the single-family residence (SFR) and condo sectors
There is a noticeable increase in new listings, inventory, and sold properties, indicating a more dynamic market with higher buyer and seller participation. Both SFRs and condos have seen an uptick in average and median sale prices, suggesting that demand remains strong, even as more properties become available.
Condos, in particular, are selling faster than they were a year ago, as reflected by the decrease in average days on market.
Despite increased inventory, properties are still selling at high percentages of their list prices (over 100%), which shows that demand is strong enough to maintain competitive pricing. The significant rise in total sales volume for both SFRs and condos suggests a healthy and possibly expanding market, with more money flowing through transactions.
The San Mateo housing market is robust, with increased inventory and sales activity accompanied by rising prices. This indicates a strong, possibly growing market where demand continues to meet or exceed supply, despite more properties being available.
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RISE Homes is a leading San Francisco Bay Area real estate team. We specialize in residential real estate sales in all six of the SF Bay Area counties; San Francisco, San Mateo, Santa Clara, Alameda, Contra Costa, and Marin. We have agents and operations staff who specialize and are very familiar (most of us are SF Bay Area natives) with their respective geographic territory. Our primary focus is on helping our clients navigate the highly competitive San Francisco real estate market, and in the process, conducting ourselves with integrity and transparency while always focusing on continuous improvement.
Joe Polyak is the Founder of RISE Homes. Joe was born and raised in San Francisco, and currently lives in San Mateo, CA with his wife Valerie, daughter Autumn, their two dogs, Bonnie the pitbull-mutt and Daisy the pug, and their turtle, Donatello. Joe has been in real estate since 2010, and is a top 1% agent in the San Francisco Bay Area, with over $80,000,000 per year in sales volume. Joe built his business by specializing in probate/trust sales and working with and educating first time home buyers.